Written by ForexBrokers.com
In this head to head comparison of eToro vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro vs Spreadex: eToro was founded in 2007, while Spreadex dates back to 1999. Per ForexBrokers.com, eToro holds a Trust Score of 97/99, which is considered highly trusted (90–99). Spreadex scores 70/99, viewed as average risk (70–79); by comparison, 60–69 is high risk and below 59 is not trusted.
Regulation and licensing differ notably: eToro holds 4 Tier-1 (highly trusted) licenses and 1 Tier-2 (trusted) license, whereas Spreadex holds 1 Tier-1 license and no Tier-2 licenses. eToro is publicly traded; Spreadex is not. Neither company is a bank.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing commissions and fees, eToro and Spreadex are both rated 4 out of 5 stars, but eToro ranks slightly higher at #24 out of 36 brokers, while Spreadex places #27 out of 36. eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is a bit above the industry average. For most retail traders, eToro is less about low spreads and more about its social copy trading platform.
Spreadex comes in with average EUR/USD spreads of 0.81 pips in January 2024, with its minimum spread of 0.6 pips available 60% of the time during the month. That makes Spreadex a competitive option on pricing, especially for traders focused on spread costs alone. By comparison, eToro may be less appealing on fees, but it offers added value through its trading features and social trading tools.
eToro also has a VIP program called eToro Club, with five membership tiers from Silver to Diamond for clients who keep balances between $5,000 and $250,000. Higher tiers can include perks such as Trading Central access, lower deposit and withdrawal fees, and a dedicated account manager. Spreadex does not have the same VIP-style setup highlighted here, so traders comparing fees may want to weigh pricing against extra account benefits.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, both eToro and Spreadex give traders access to forex, CFDs, and a large number of markets. Spreadex lists more tradeable symbols overall, with 10,000 compared with eToro’s 7,441, while eToro offers more forex pairs, with 65 versus Spreadex’s 52. Both brokers also provide cryptocurrency CFDs, so traders can speculate on crypto price moves without owning the coins themselves.
eToro stands out for offering exchange-traded shares on both U.S. and international stock exchanges, plus the option to buy actual cryptocurrency and use copy trading. Spreadex does not offer these features, which may matter to investors looking for direct share ownership or social trading tools. Even so, both brokers are rated 5 out of 5 stars for range of investments, with eToro ranked #10 and Spreadex #13 out of 36 brokers by ForexBrokers.com.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
eToro and Spreadex both give traders a simple start with free demo accounts, their own in-house platforms, and browser-based trading, so you can trade without downloading software. Neither broker offers a Windows desktop platform or support for MetaTrader 4 or MetaTrader 5, but both do let you trade directly from charts. In the key platform area, eToro stands out because it also offers copy trading, which lets users follow and mirror other traders, while Spreadex does not.
When it comes to trading tools and overall platform quality, eToro has the edge. It is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #8 out of 36 brokers on ForexBrokers.com, compared with Spreadex at 4 stars and #37. For traders who want a platform with social features and a stronger tool set, eToro may be the better fit, while Spreadex covers the basics well for those who prefer a straightforward web-based setup.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 106 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Spreadex both offer iPhone and Android apps, along with stock and forex price alerts, so each broker gives mobile traders the basics they need to stay on top of the market. Both apps also let users draw trendlines on charts, but neither one auto-saves those drawings. Where eToro stands out is charting depth, with 104 technical studies available in its mobile app, while Spreadex does not list a comparable figure.
The biggest difference is in watchlist syncing and overall mobile app quality. eToro syncs watchlists between the mobile app and online account, making it easier to track symbols across devices, while Spreadex does not offer this feature. That edge shows up in ratings as well: eToro is rated 4.5 stars for mobile trading apps and ranks #10 out of 36 brokers at ForexBrokers.com, compared with Spreadex’s 4-star rating and #36 ranking.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
eToro and Spreadex both give traders useful market research features, including daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool showing long and short positioning, and an economic calendar for global events. This means both platforms cover the basics well for traders who want to follow market moves and stay on top of news that may affect prices.
Where eToro pulls ahead is in extra research depth. It offers TipRanks market research, while Spreadex does not, and Spreadex stands out for including Autochartist, which eToro does not provide. Even so, eToro scores higher overall for research, with a 4.5-star rating and a #12 rank out of 36 brokers from ForexBrokers.com, compared with Spreadex at 4 stars and #29, making eToro the stronger pick for most research-focused traders.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, eToro stands out over Spreadex. eToro offers forex and CFD education with at least 10 learning pieces on those topics, plus online educational client webinars at least once a month. It also provides 10 or more beginner videos and 10 or more advanced videos, making it a better fit for traders who want to start small and keep learning as they gain experience. This is reflected in its education score of 4.5 out of 5 and its strong #3 ranking out of 36 brokers for Education.
Spreadex does offer at least 10 beginner trading videos, but it falls behind eToro in several key areas. It does not provide monthly educational webinars, does not meet the requirement for forex or CFD education materials, and does not offer enough advanced videos for experienced traders. With a 4 out of 5 education rating and a #36 ranking out of 36, Spreadex may still suit some beginners, but eToro gives learners a much wider range of educational content and more regular support.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Spreadex. eToro finished with an overall rank of #9, while Spreadex finished with an overall rank of #33.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 97 | 70 |
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In the eToro vs Spreadex comparison for cryptocurrency trading, eToro lets you buy actual (delivered) crypto alongside crypto CFDs, while Spreadex restricts you to cryptocurrency CFDs only.
In the eToro vs Spreadex comparison, eToro supports ACH/SEPA transfers, PayPal, and Skrill alongside bank wire transfers, while Spreadex offers bank wires only and does not support ACH/SEPA, PayPal, or Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Spreadex | |
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| Trust Score | 97 | 70 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
| Broker Screenshots | eToro | Spreadex | |
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| Regulation | eToro | Spreadex | |
|---|---|---|---|
| Trust Score | 97 | 70 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | eToro | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | eToro | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | Spreadex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | eToro Review | Spreadex Review |
| Overall | eToro | Spreadex | |
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| Trust Score | 97 | 70 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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